Thomas Lindstrom, a former futures trader, pleaded guilty to engaging in trading activities involving 10-year Treasury futures options to hide losses of over US $13.7 million that led to the financial collapse of his employer, Rock Capital Market LLC in 2015. Mr. Lindstrom was charged criminally for his conduct and sued by the CFTC in September 2016. Mr. Lindstrom likely faces between 97 and 121 months’ prison time for his offenses. (Click here for background in the article “Trader Indicted for Exploiting Minimum Futures Pricing Convention to Hide Trading Losses and Causing Firm Collapse; CFTC Also Files Civil Charges” in the December 2, 2016 edition of Bridging the Week.)